Guideline Value for Harrington 14thAvenue

Harrington 14thAvenue guideline value

The current guideline value of Harrington 14thAvenue is Rs 13,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Mixed Type - I.

How the guideline value of Harrington 14thAvenue has changed

The guideline value for Harrington 14thAvenue has seen significant changes over the years. In 2002, the value was Rs 1,440 per sq.ft, which increased to Rs 1,588 per sq.ft in 2003, marking a 10% rise. The value then jumped to Rs 4,000 per sq.ft in 2007, reflecting a substantial increase of 152%. Following this, the value surged to Rs 12,300 per sq.ft in 2012, showing a remarkable increase of 208%. However, it then decreased to Rs 8,241 per sq.ft in 2017, representing a decline of 33%. The value rose again to Rs 12,300 per sq.ft in 2023, and finally reached Rs 13,400 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 831%. Notably, there are no figures available for revisions in years other than those listed.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Harrington 14thAvenue's 2024 figure significantly above this median.

• Harrington 13th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 15thAvenue: Rs 13,400 per sq.ft (2024)
• Harrington 12th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 16th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 11th Avenue: Rs 13,400 per sq.ft (2024)
• Harrington 17th Avenue: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Harrington 14thAvenue

For a 1,000 sq.ft plot at the current guideline value of Rs 13,400 per sq.ft, the total guideline value amounts to Rs 1,34,00,000. The stamp duty at 7% would be Rs 9,38,000, and the registration fee at 2% would be Rs 2,68,000, bringing the total fees to Rs 12,06,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Harrington 14thAvenue?

The Sub Registrar Office that covers Harrington 14thAvenue is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Egmore

The guideline value is a crucial factor in the registration process when buying or selling property in Egmore. It serves as a benchmark for determining the applicable stamp duty and registration fees, which are calculated based on this value.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Harrington 14thAvenue?

The current guideline value of Harrington 14thAvenue is Rs 13,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,440 per sq.ft in 2002 to Rs 13,400 per sq.ft in 2024, marking an overall increase of 831%.

What are the stamp duty and registration fees for property in Harrington 14thAvenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,34,00,000, with stamp duty at Rs 9,38,000 and registration fees at Rs 2,68,000, totaling Rs 12,06,000.

Which Sub Registrar Office covers Harrington 14thAvenue?

The Periamet Sub Registrar Office covers Harrington 14thAvenue, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification of Harrington 14thAvenue?

Harrington 14thAvenue is classified as Mixed Type - I under the land classification system.